REQUIRED 3.1 Use the information provided below to calculate the ratio (expressed to two decimal places) that would reflect each of the following 3.1.1 The amount of funds available relative to sales, to pay the company's expenses other (2 marks) than its cost of sales (expressed as a percentage) 3.1.2 The company's net income as a percentage of the company's net sales. (2 marks) 3.1.3 The ability of the company to generate profits from its shareholders investments in the company. (2 marks) 3.1.4 A measure of the dividend pay-out per share of the company's ordinary shares. (2 marks) 3.1.5 The capacity of the company to pay off its current commitments using just its most liquid assets. (2 marks) 3.1.6 The degree to which the company's assets are financed by debt. (2 marks) 3.1.7 A measure of how easily the company can pay the interest on its outstanding debt. ( 2 marks) 3.2 Comment on the following ratios: marks) INFORMATION Extracts of the financial statements of Turbo Limited for 2022 are given below. TURBO LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 Note: 1. Inventories on 31 December 2022 amounted to R360000. 2. The issued share capital of Turbo Limited consisted of 2000000 ordinary shares. 3. Total dividends for the year ended 31 December 2022 amounted to R225 000. 4. Credit terms to debtors are 30 days